Alameda Research has reportedly widened the scope of its investment portfolio, via the allocation of $4 million towards Coin98 Finance – a promising Vietnam-based Defi platform. 

Specifically, Coin98 Ventures – the parenting venture capital entity behind Coin98 – reportedly runs a crypto fund with the largest scale in Vietnam, and is also the main supporter of the Solana Ecosystem Fund – which has managed to secure $40 million in strategic investments from high-profile crypto exchange platforms. 

Coin98 reportedly runs a decentralized exchange and wallet, with the accumulated figure of transaction volume hitting the $20 million milestones in March this year. Per the exchange, it is catering to around 200,000 users at the moment, primarily located in the Southeast Asian region. 

Alameda Research reportedly functions as a quantitative investment entity, handling the management of more than $100 million in crypto assets. 

It additionally functions as the operating force behind FTX – among the top-tier derivatives exchanges throughout the crypto sphere – with reported trade volumes of $11.3 billion as of April 6th. 

Alameda is reportedly involved in sort of an investment madness at the moment, as the firm is looking to widen the scope of its balance sheet, as well as to establish a higher standing throughout the crypto industry. 

In March, Alameda reportedly finalized the investment of $2 million in Efficient Frontier, an algorithmic crypto market maker from Tel Aviv. Also in March, Alameda channeled 20 million to Reef Finance, a Polkadot-based Defi platform.